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HomeMy WebLinkAbout1992-03-03-1000AM-Special• BRAZOS COUNTY BRYAN, TEXAS AGENDA BRAZOS COUNTY COMMISSIONERS' COURT MEETING TUESDAY, MARCH 3. 1992 10:00-A.M_. 1. Invocation. 2. Pledge of Allegiance. 3. Consider and take action on a Tax Abatement Agreement between Brazos County and C.C. Creations, Inc. 4. Adjourn. • 0 COMMISSIONERS' COURT SPECIAL MEETING MARCH 3, 1992 A special meeting of the Commissioners' Court of Brazos County, Texas was held in the Commissioners' Courtroom in the Courthouse in Bryan, Brazos County, Texas, beginning at 10:00 a.m. on Tuesday, March 3, 1992, with the following members of the Court present: R. J. Holmgreen, County Judge, Presiding; Gary Norton, Commissioner of Precinct 1; Walter Wilcox, Commissioner of Precinct 2; Randy Sims, Commissioner of Precinct 3; Milton Turner, Commissioner of Precinct 4; Mary Ann Ward, County Clerk. The following citizens and officials were in attendance: Ruth McLeod Carol Palmer Anne Friedenberg Kathy Young Allon Fish Patricia Meronoff Ford Taylor Carl Chaney Executive Assistant Admin. Asst. to County Judge KBTX-TV KBTX-TV Chamber of Commerce Bruchez and Goss CC Creations Brazos County Resident The Court met to consider a tax abatement agreement between Brazos County and CC Creations. Patricia Meronoff, representative of the law firm of Bruchez and Goss, advised the Court that the Court should first adopt a Resolution electing to become eligible to participate in tax abatement agreements as provided by the Property Development & Tax Abatement Act, Chapter 312 of the Texas Tax Code. Mrs. Merenoff pointed out four (4) changes to be made to the draft of the agreement with CC Creations. She recommended that in the future the Court should be involved from the very start of any abatement project. She further advised that the law requires the rules for the tax abatement be the same as established for all entities involved. The City of College Station has established and set rules for this tax abatement area. The County can either adopt or reject the agreement but it cannot make changes to the agreement. Commissioner Sims stated that the County's main source of income is the ad valorem tax and that he did not agree with Commissioners' Court meeting March 3, 1992 the granting of a 100% abatement for a full five (5) years. is Instead, he explained, he would like to see an ascending rate for a five (5) year period. Commissioner Wilcox agreed with Commissioner Sims and stated the if in the future an agreement for 100% funding was presented to the Court he would vote against it. Allon Fish, representative of the Chamber of Commerce, stated that as a member of the Chamber, he would pledge to keep the Court informed and involve them when working with the cities on abatements. It was pointed out that in section 7.6 in the second ~J paragraph it states, "Owner will provide an opinion from an accountant approved by the City." Commissioner Sims asked that notification be provided by the City of College Station as to the name of the accountant so that there would not be two (2) firms giving an opinion. Commissioner Norton stated that in the future, the County will be involved from the onset. If the County is going to grow, it needs to be progressive in this respect to keep good business and attract new business. On motion by Commissioner Norton, seconded by Commis- sioner Sims, the Court voted unanimously to adopt a resolution electing to become eligible to participate in tax abatement agreements. A copy of which is attached to and made a part of these minutes. On motion by Commissioner Norton, seconded by Commis- sioner Sims, the Court voted unanimously to enter into agreement with the CC Creations for the 100% abatement of taxes for the next five (5) years. There being no further business to come before the Court, the meeting was adjourned. Vol.--Y k;. t~ k The foregoing minutes have been examined and approved in open Court this the lb-4._ day of 19 9~ , in Bryan, Brazos County, Texas. R. J. o mgreen County Judge Walter Wilcox Commissioner, Precinct 2 ,IV Mi on-l~r Turner Commissioner, Precinct 4 '4 rl";4, Gary Nor n Commiss ner, Precinct 1 Randy S' s Commissioner, Precinct 3 I& I Itt,77 16,461e-1- Mary nn Ward County Clerk L r VOL f • r~ • i i RESOLUTION STATE OF TEXAS § § COUNTY OF BRAZOS § At a Special Meeting of the Commissioners Court of Brazos County, Texas, held on the 11th day of Fe uary, 1992, on motion made by 017,002 and seconded by C46u.twiga4 P%, 4,. Jcyuw✓ the following Resolution was adopted: WHEREAS, Brazos County is interested in the establishment of new jobs in the County and in the enhancement of the economic base of the County; and WHEREAS, the County has within its means certain powers that can promote such economic growth; and WHEREAS, the Property Redevelopment and Tax Abatement Act of Chapter 312 of the Texas Tax Code authorizes the County to provide tax abatement for limited periods of time so as to induce development in an area; and WHEREAS, the County is interested in using such mechanism in Brazos County. NOW, THEREFORE 13E IT RESOLVED THAT the Brazos County Commissioners Court does hereby elect to become eligible to participate in tax abatement agreements as provided in the Property Redevelopment and Tax Abatement Act, Chapter 312 of the Texas Tax Code. Done in open Court the 11th day of February, 1992. 1 r!' Judge J. H green Commissione ary N rton, Precinct No. 1 Commissioner W Iter Ic inct No. 2 s Commissioner Ra y Sims, Precinct No. 3 Commissioner Milton Turner, Precinct No. 4 TAX ABATEMENT AGREEMENT THE STATE OF TEXAS $ COUNTY OF BRAZOS $ This Tax Abatement Agreement (hereinafter referred to as the "Agreement") is made ` and entered into by and between BRAZOS COUNTY, TEXAS ("COUNTY") and C. C. CREATIONS, INC., GULF COAST SPORTWEAR and TMW PARTNERS (herein "OWNER" whether one or more), the owner of taxable real property in Brazos County, Texas, ("Property"). 1. AUTHORIZATION This Agreement is authorized by the Texas Property Redevelopment and Tax Abatement Act, Texas Tax Code, Chapter 312, as amended ("Act"), and is subject to the laws of the State of Texas and the orders of the County. 11. DEFINITIONS As used in this Agreement, the following terms shall have the meanings set forth below: A. "Base Year Value" means the assessed value of the Improvements on the Property as certified by the Brazos County Appraisal District as of the January 1 preceding the execution of this Agreement plus the agreed upon value of Improvements made after January 1 but before the execution of this Agreement. B. "Improvements" means the buildings or portions thereof and other improvements, including fixed machinery and equipment, used for commercial or industrial purposes on the Property. C. "Abatement" means the full or partial exemption from ad valorem taxes of the Improvements on certain property in a zone designated for economic development purposes pursuant to the Act. D. "Eligible Property" means the buildings, structures, equipment, site improvements, and related fixed improvements necessary to the operation of the warehouse facility to be used for screen printing and distribution of wearing apparel to be constructed on Lots 1R and 2R, Regency Square Subdivision as identified by the shaded areas on Exhibit "A" attached hereto and made a part hereof for all purposes. P - - Q rl Vol. s P •4. r. c-p-} ~ ~+:Lrrc.+w~s..wr~.rr~~ .,..~~...r+rwe~-~c+.mC-c:w~•.:~v _ _ 1 u E~ E. F. "Added Value" means the increase in the assessed value of the Eligible Property as a result of "expansion" or "modernization" of an existing facility or construction of a "new facility". It does not mean or include "deferred maintenance." G. "Facility" means a Basic Manufacturing Facility, Facility, Regional Distribution Facility, or other Authorized Facility approved by the County as set forth in the Guidelines and Criteria for Granting Tax Abatement adopted by the County. • The Guidelines and Criteria for Granting Tax Abatement adopted by the County are incorporated as a part of this Agreement. Except as the same may be modified herein, all definitions set forth therein are applicable to this Agreement. 111. PROPERTY The Property is Lots 111'and 211 Regency Square Subdivision, an area located wholly within Brazos County, Texas (herein the "Property"). Said Property is located within zone two for tax abatement established pursuant to Chapter 312 of the Texas Tax Code, as amended, by the City of College Station, Texas on January 9, 1992. The Brazos County Appraisal District has established the following values for the Property as of the January 1 valuation date prior to the date of execution of this Agreement. Account No. P62529 Personal Property $270,000.00 Account No. R84537 CJ Land "Ineligible Property" means land; inventories, supplies, tools, machinery, furnishings and other forms of movable personal property. Lot 1 R $136,365.00 Improvements Lot 1R $446,030.00 Account No. R84538 Land Lot 211 $ 70,320.00 ~C 4 JJb ~ ~ J/ The County and the Owner agree that the value of any additions to the improvements made after January 1 or not otherwise reflected on the above valuation of the Property is: Additional Improvements 5-0- Addition of the above amount to the valuation of the Property as of the January 1 valuation date prior to the date of execution of this Agreement results in a Base Year Value as follows: Base Year Value $922,715.00 IV. TERM OF ABATEMENT AND AGREEMENT 4.1 The County agrees to abate the ad valorem taxes on the Eligible Property in accordance with this paragraph and paragraphs V and VI hereof. The Abatement shall be effective with the January 1 valuation date immediately following the date of execution of this Agreement, provided, however, that the City of College Station shall have issued a Certificate of Compliance as set forth in Article IX hereof so as to provide adequate time for the Brazos County Appraisal District to remove the Eligible Property from the tax rolls for that calendar year. If such Certificate is not received in a timely fashion the abatement will commence on January 1 of the following year. The Abatement shall continue for up to five (5) years expiring as of December 31 of such fifth tax year. The years of Abatement provided herein shall in each instance coincide with the tax year commencing on January 1 and expiring on December 31, and in no event shall the Abatement extend beyond December 31 of the fifth tax year. Further, in no event, however, shall the total Abatement period for such Eligible Property exceed the maximum five (5) year Abatement period for the entire project as specified herein. V. TAXABILITY 5.1 During the period that the Abatement is effective, taxes shall be payable as follows: (1) The value of the land comprising the Property shall he fully taxable; (2) The value for Ineligible Property shall be fully taxable; (3) The Base Year Value of existing improvements situated on the Property shall be fully taxable; { (4) The value of the personal property comprising the Property shall be fully taxable; and r0.1~ 4 i (5) The Added Value of the Eligible Property shall be abated as set forth in Part VI herein. VI. AMOUNT OF ABATEMENT 6.1 The Abatement provided by this Agreement shall be based upon the Added Value of Eligible Property as a result of the Project to the extent of one hundred percent (100%) for the entire Added Value. 6.2 At the time of execution of this Agreement, the Owner reasonably estimates and represents to the County that the Added Value upon completion of the Project shall be at least $750,000.00. VII. CONTEMPLATED IMPROVEMENTS 7.1 OWNER agrees that the site plan, interior and exterior design drawings and materials ("PLANS") for the Eligible Property have been submitted to County and/or its designated representative for its approval, which PLANS are incorporated herein for all • purposes. An official set of PLANS has been designated by the OWNER and kept on file with the County. 7.2 During the construction of the Eligible Property, the Owner may make such change orders to the project as are reasonably necessary, provided that no such change order may be made which will *change the qualification of the project as a "Facility" under the Guidelines for Granting Tax Abatement approved by the County. 7.3 OWNER agrees to build and renovate all improvements in accordance with all applicable laws, ordinances, codes, rules, requirements or regulations of the City of College Station, Brazos County, the State of Texas and the United States, and any subdivision, agency or authority thereof. 7.4 During the period of time when OWNER is constructing, renovating or repairing the improvements on the Property and at all times thereafter, during the term of this Agreement, OWNER shall keep the Eligible Property insured against loss or damage by fire or any other casualty. OWNER shall furnish COUNTY with all certificates of insurance that are required by this Agreement. 7.5 In the event the Eligible Property is damaged by fire or any other casualty, if OWNER pursues diligent repair of such damages in order to complete the repair, remodel or renovation of the Eligible Property in accordance with the PLANS or revised PLANS, " than the exemption from taxation as provided for in this Agreement shall only cease during • the time that the Eligible Property is being repaired, remodeled or renovated. When the Eligible Property is restored to its prior condition the exemption from taxation shall recommence for the full term of the exemption. Should the OWNER decide not to repair, r i r remodel or renovate the damaged Eligible Property, then the exemption from taxation as provided for in this agreement shall cease, the Eligible Property will be taxed at full market value of this Agreement and OWNER shall pay to COUNTY the amount of the tax previously abated in prior years. 7.6 Owner represents and warrants that it currently employs sixty-three (63) full-time employees and that this project will add at least forty (40) additional full time employees to the project site by the end of first year of this Agreement and for the duration of the abatement period in accordance with the schedule attached as Exhibit "B" hereto and made a part hereof for all purposes. The project is not expected to solely or primarily have the effect of transferring employment from one part of Brazos County to another. A full-time employee shall be defined as an individual continuously employed throughout the year with a forty (40) hour work week. OWNER shall annually, on the anniversary date of the abatement, submit verification of compliance. OWNER shall provide, from an accounting firm approved by the City of College Station and agreed to by the COUNTY, a verified statement that OWNER'S payroll complies with this Agreement. Vill. EVENTS OF DEFAULT AND CAPTURE 8.1 OWNER shall be deemed to be in default if OWNER (i) does not construct the improvements and renovations to the Property as contemplated by this Agreement, or (ii) fails to repair, remodel or renovate any damage or destruction of the Eligible Property as provided for in Section VII above, (which failure shall not include a change in the type of products or services offered), or (iii) fails to use the Eligible Property for the purposes that are contemplated by this Agreement, or (iv) allows the Eligible Property to become vacant, (v) fails to pay all non-abated taxes as required in Section VIII hereof, or (vi) fails to hire and maintain on OWNER'S payroll or OWNER'S tenants' payroll, forty (40) additional employees by the end of the first year. 8.2 OWNER agrees that if it does not diligently, faithfully and conscientiously comply with the terms herein and is in default as herein defined, the COUNTY shall have the right to terminate this Agreement, and OWNER shall pay to the COUNTY the taxes that would have been paid to COUNTY had OWNER'S taxes not been reduced under the terms of the Agreement, plus interest at the rate provided for delinquent taxes in accordance with V.T.C.A., Tax Code 33.01. Such payment of taxes and interest shall be due within thirty (30) days of the Commissioners Court's termination of this Agreement and notification of the termination of this Agreement to OWNER as provided below. 8.3 Should the COUNTY determine that the OWNER is in default according to the terms and conditions of this Agreement, it shall notify the OWNER that if such default is not cured within thirty (30) days from the date of such notice ("Cure Period"), then this Agreement may be terminated. In the event the OWNER fails to cure said default during the Cure Period, this Agreement may be terminated and the taxes abated by virtue of the Agreement will be recaptured and paid as provided herein. Such notice shall include the r i r~ • amount of taxes and interest then due. The taxes and interest due shall become delinquent and incur penalties and interest as provided by law for ad valorem taxes imposed by COUNTY if not paid before February 1st of the year following the year in which the termination of this Agreement occurs. 8.4 The amount of tax abated each year under the terms of this Agreement shall be secured by a first and prior tax lien which shall continue in existence from year to year until such time as this Agreement between the COUNTY and OWNER is fully performed by OWNER, or until all taxes, whether assessed or recaptured, are paid in full. 8.5 If the COUNTY terminates this Agreement pursuant to this paragraph VIII, it shall provide OWNER written notice of such termination. If OWNER believe that such termination was improper, OWNER may file suit in the Brazos County district courts appealing such termination within sixty (60) days after the written notice of the termination by the COUNTY. If an appeal suit is filed, OWNER shall remit to the COUNTY, within such sixty (60) days after the notice of termination, any additional and/or recaptured taxes as may be payable during the pendency of the litigation pursuant to the payment provisions of Section 42.08, Texas Tax Code. If the final determination of the appeal increases OWNER'S tax liability above the amount of tax paid, OWNER shall remit the additional tax to the COUNTY pursuant to Section 42.42, Texas Tax Code. If the final determination of the appeal decreases OWNER'S tax liability, the COUNTY shall refund the OWNER the difference between the amount of tax paid and the amount of tax for which OWNER is liable pursuant to Section 42.43, Texas Tax Code. 8.6 OWNER agrees to pay all ad valorem taxes and assessments that may be owed to COUNTY or any other taxing entity by it prior to such taxes and/or assessments becoming delinquent; provided, that OWNER shall have the right to contest in good faith the validity or application of any such tax or assessment and shall not be considered in default hereunder so long as such contest is diligently pursued to completion. In the event OWNER does contest any such tax or assessment, it shall, nevertheless, promptly pay to COUNTY or any other taxing entity prior to its becoming delinquent, taxes and assessments. If OWNER undertakes any such contest, OWNER shall so notify COUNTY and keep COUNTY apprised of the status of such contest. Should OWNER be unsuccessful in such contest, OWNER shall promptly pay the taxes, penalties, and/or interest, resulting therefrom. This Agreement shall not take effect until such time as OWNER has paid all such taxes. IX. ADMINISTRATION 9.1 At all reasonable times during the construction of the Eligible Property and following its completion, COUNTY and its respective designees may inspect the Eligible Property in order to ensure that all construction, workmanship, materials and installations involved in or incident to the project are performed in substantial compliance with the approved PLANS therefor and that the conditions and the applicable building permits and governmental regulations are complied with. 9.2. OWNER shall submit to COUNTY a Certificate of Compliance certifying that all construction constituting the Eligible Property has been completed in accordance with the approved plans. After receipt of this Certificate of Compliance, the COUNTY or the City of College Station, acting as agent for the COUNTY for the purposes of inspections and monitoring of construction, shall make a final inspection of the Eligible Property to determine whether the it has been constructed in compliance with this Agreement. Upon so finding, the City of College Station shall issue a Certificate of Compliance authorizing tax exemption to commence on January 1 of the year indicated in such Certificate and terminating after the property has received five (5) full calendar years of exemption as provided herein. For purposes of this Article, the issuance of the Certificate of Compliance by the City of College Station shall be deemed compliance by the COUNTY. 9.3 COUNTY, by approving the Plans or any revised Plans, assumes no liability or responsibility therefor for any defect in any structure constructed, renovated, or repaired from the Plans or approved revised Plans. The relationship between COUNTY and OWNER at all times shall not be deemed a partnership or joint venture for purposes of this Agreement. 9.4 OWNER agrees to and shall indemnify and hold harmless COUNTY, its officers, agents, and employees, from and against any and all claims, losses, damages, causes of action, suits and liability of every kind, including all expenses of litigation, court costs, and attorney's fees, for injury to or death of any person, or for damage to any property, arising out of or in connection with this Agreement. Such indemnify shall apply where the claims, losses, damages, causes of action, suits or liability arise in whole or in part from the negligence of COUNTY. 9.5 The Chief Appraiser of the Brazos County Appraisal District shall annually determine (i) the taxable value of the real and personal property comprising the Property taking into consideration the Abatement provided by this Agreement, and (ii) the full taxable value without Abatement of the real and personal property comprising the Property. The Chief Appraiser shall record both the abated taxable value and the full taxable value in the appraisal records. The full taxable value figure listed in the appraisal records shall be used to compute the amount of abated taxes that are required to be recaptured and paid in the event this Agreement is terminated in a manner that results in recapture. Each year the OWNER shall furnish the chief Appraiser with such information outlined in Chapter 22, Texas Tax Code, a amended, as may be necessary for the administration of the Agreement specified herein. X. ASSIGNMENT 10.1 The OWNER may assign this Agreement to a new owner or lessee of the Facility with the prior written consent of the COUNTY, which consent shall not be unreasonably withheld. Any assignment shall provide that the assignee shall irrevocably and unconditionally assume all the duties and obligations of the assignor upon the same terms and conditions as set out in this Agreement. Any assignment of this Agreement shall be to VOL an entity that will provide substantially the same improvements to the property, except to the extent such improvements have been completed. No assignment shall be approved if the OWNER or any assignee are indebted to the COUNTY for ad valorem taxes or other obligations. XI. NOTICE 11.1 Any notice required to be given under the provisions of this Agreement shall be in writing and shall be duly served when it shall have been deposited, with the proper postage prepaid thereon, and duly registered or certified, return receipt requested, with the United States Postal Service, addressed to the COUNTY or OWNER at the following addresses. If mailed, any notice or communication shall be deemed to be received three (3) days after the date of deposit in the United States Mail. Unless otherwise provided in this Agreement, all notices shall be delivered to the following addresses: • To the Owner: C. C. Creations, Inc. 112 Hollimon Drive College Station, Texas 77840 Attention: J. Ford Taylor To the County: Brazos County Commissioners Court 300 E. William Joel Bryan Parkway Bryan, Texas 77803 Attention: County Judge Either party may designate a different address by giving the other party ten (10) days' written notice. ARTICLE XII. MISCELLANEOUS 12.1 Attorney's Fees. If on account of any breach of default by OWNER of its obligations under the terms, conditions, or covenants of this agreement, it shall be necessary for COUNTY to employ an attorney or attorneys to enforce or defend any of the rights or remedies hereunder, COUNTY shall he entitled to any reasonable attorney's fees, costs, or expenses incurred by it in connection therewith. 12.2 Severability. If any provision of this Agreement is held to be illegal, invalid, or unenforceable under the present or future laws effective while this Agreement is in effect, such provision shall be automatically deleted from this agreement and the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected thereby, and in lieu of such deleted provision, there shall be added automatically as part of this Agreement a provision that is similar in terms and substance to such deleted provisions as may be possible and yet be legal, valid and enforceable. VUL 12.3 Texas Law To Apply. This Agreement shall be construed under and in accordance with the laws of the State of Texas and all obligations of the parties created hereunder are performable in Brazos County, Texas. In the event of litigation, jurisdiction shall lie in Brazos County, Texas. 12.4 Prior Agreements Supers. This Agreement constitutes the sole and only agreement of the parties hereto and supersedes any prior written or oral agreements or understandings between the parties respecting the within subject matter. 12.5 Amendments. No amendment, modification or alteration of the terms hereof shall be binding unless the same shall be in writing, dated subsequent to the date hereof and duly executed by the parties hereto. 12.6 Rights and Remedies Cumulative. The rights and remedies provided by this Agreement are cumulative and the use of any one right or remedy by either parties shall not preclude or waive its rights to use any or all of their remedies. Said rights and remedies are given in addition to any other rights the parties may have under law, statute, ordinance or otherwise. 12.7 No Waiver. No waiver by COUNTY in any event of default, or breach of any covenant, condition or stipulation herein contained shall be treated as a waiver of any subsequent default or breach of the same or any other covenant, condition or stipulation thereof. 12.8 Authority to Act. The parties to this Agreement shall provide proof of authorization to execute this document. This Agreement has been executed by the parties in multiple originals or counterparts, each having full force and effect. Executed this _l,9 day of 11 j ir1 4 , 1992. ATTEST: County: BRAZOS COUNTY, TEXAS By: V,,L Judge A. J. Holmgreen ATTEST: OWNER: By: i Tit Name- le. r THE FOLLOWING DOCUMENT IS THE BEST IMAGE POSSIBLE DUE TO THE POOR QUALITY OF ORIGINAL 01 61 EXHIBIT A l HOLLEMAN DRIVE N~r•.tllP!- Sid !•4 Rn' .T-_-_~ jor If 14 r •r r'te' - M s~ :4f: toJ p ± • • lVSi' ::..''l:. f , 3 i R ~T .er w 3 ! •'/14°!!• .:;ti's :.v~i[.~ J w~ ..gxu s•~J,•Gt1 st"I - •1116!/• L ~ 1 - J O _ III tsa fr.e Cw M• O 14We e.a T •Ct••0 1 • CfQ)! lesSS ¢5d C21 is <.a.. -Q.Sd ~lo,1..tu4 a lon,l~' 25W 4115 294T .leT•»o•vI•xQ REVISED PLAT t SwA r Ies IW* 11r601 Es,oe. 1 .a•• M rose. a/II•wa.• •T G rR. Iw IM • ewe o•••.ea •.a• •w• ara • •ve•1.1•IM 29 Is ""7;.solo. •a. CceTlllcsTlo O. Tt•c CITT 9"feCc{ 1, 1•.10 rv11M, cta► Cwslw••• •I ar Co.' . cellos. {a•aloa. T.••s, M••.f e.•alls 0006.! awl. •001.10100 Pl•a 00ere••e to 4060 •.~•1•.uwa• of aM 6.601.16100 1.0.1•tle•s of 410 Cla/ of f ^ c 00, Co do-ad )'10i foe. -4:1 or 'a If of Cello{. 640%1•-• losses eN1Gf•1• M rLammlo0 woo 1001060 CO•.11{!IM JR:f --Cw•1•we of a06f •lerty •M [•06106, to 1•fIM of awe cl•• •I C 441.4. 6.0!1.6. T•••.• MI•th 0••0041. 00.600 lM • a•. MI e1•a y!~•.t. e.Me•: _2• .aM cMe1 ••IM M aM •I REPEAT Cr1•w•& of tr •o1••061" ows goal" C•welosoo• TTt{. • of a portion of. - REGENCY SQUARE] I M.M.. W CIT7' C011••CI4. , 337 ACRE TRACT 8 ?Zr s« ' , t: ' C . of CRAWFORD BURNETT SURVEY 4 A-7 . 9W .l ~ =:4 ll COLLEGE STATION. BRAZOS COUNTY. TEXAS JULY MM •1.••• •1 C•1l•.• {astloa. T••e• Q/•11rw O (YK[OKA: ~M....~•~ .TTa,T . /bwio r rxp M9 40£RnaG I444 II C A~lo7[N (jT((R P11TM'/ 0000 JCJ N 041/.6 •P1•ArV. Ffl.S I1 Anew! , 7L~Af l7JCY im lj lot Year - 40 2nd Year - 10 3rd Year - 5 4th Year - 5 5th Year - 10 1 Resulting in an additional seventy (70) full time jobs over the five (5) year period. - 7 • EXHIBIT B Additional Full Time Jobs